Footprint, a Gilbert, Arizona-based material sciences company focused on eliminating single-use plastics, agreed to go public at an implied $1.6 billion valuation via Founded in 2014 by former Intel engineers Troy Swope and Yoke Chung, Footprint offers plant-based packaging solutions for companies such as Walmart, McDonald's, Kraft Heinz and Nestle to help cut carbon emissions and landfill waste. This Press Release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Gores Holdings VIII, Footprint or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Users can make planning decisions based upon possible outcomes and identify future patterns of development for their community. Moelis & Company LLC is also acting as financial advisor to Gores Holdings VIII. Fill it Forward makes branded bottles, cups, and bags with a QR code. The PIPE investment, which was oversubscribed, and Class C Preferred Financing are anchored by Koch Strategic Platforms and include a meaningful commitment from Gores Holdings VIII Sponsor and affiliates. Footprint has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Today, we are inventing and manufacturing solutions that replace short-term use plastic. Alec Gores' Gores Group is also in the process of taking Volvo's electric vehicle unit Polestar public. SPACs or special purpose acquisition companies raise capital from public markets and use that cash to merge with a private company, with the goal of taking the company public within a two-year period. Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprints solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible. WebFootprint is a materials science company founded to create a healthier planet. Gores Holdings VIII, Inc.s strategy is to identify, acquire and, after the initial business combination, to build a company in an industry or sector that complements the experience of its management team and can benefit from their operational expertise. Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. The deal, which is subject to the approval of Gores Holdings VIIIs stockholders, is expected to close in the first half next year. Join us in taking the pledge to quit plastic. Looking to invest in tech? Increasing consumer and corporate demand for sustainable alternatives to plastic have created a tremendous, growing market opportunity that is expected to continue to fuel Footprints rapid growth and customer traction, Gores Holdings VIII chair Alec Gores said. We're changing the world. Footprint says its plant-based fiber bowls, clamshell containers, trays, cups and other consumer packaging products have already eliminated more than 61 million pounds of plastic. Footprint, a materials-science technology company seeking to eliminate single-use plastic, agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company led by billionaire Alec Gores. The PIPE, priced at $10 a share, was backed by Koch Strategic Platforms among others and Koch separately committed to provide $150 million in preferred financing. The first step: search for your name Security Protect your family's privacy like a cybersecurity pro CheckThemOut. Finder.com is an independent comparison platform and Readers are cautioned not to put undue reliance on forward-looking statements, and Gores Holdings VIII and Footprint assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. It is going NoiseFit Halo launched in India for Rs.3999? Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check Police are searching for an armed man after receiving reports of shots fired in Queen Creek, temporarily locking down a school and placing residents on alert. The merger is expected to take place in the first half of 2022. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. Required fields are marked *. These projections should not be relied upon as being necessarily indicative of future results. Capital Com is an execution-only service provider. You should only be asked to sign in once. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. Build a CFD portfolio with your favourite companies. They're in some of the country's biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons' Safeway, Kroger, Fry's, Aldi, Wegmans and Trader Joe's. It has raised billions of dollars through multiple blank-check vehicles so far. The software helps users experiment with the amount and location of land use and place types such as residential, commercial, and open space to create their own development scenarios. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. To date, affiliates of The Gores Group have announced or closed ten business combinations representing approximately $60 billion in transaction value which include: Hostess (Gores Holdings, Inc.), Verra Mobility (Gores Holdings II, Inc.), PAE (Gores Holdings III, Inc.), Luminar (Gores Metropoulos, Inc.), United Wholesale Mortgage (Gores Holdings IV, Inc.), Ardagh Metal Packaging (Gores Holdings V, Inc.), Matterport (Gores Holdings VI, Inc.), Sonder (pending; Gores Metropoulos II, Inc.), Polestar (pending; Gores Guggenheim) and Footprint (pending; Gores Holdings VIII, Inc.). E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. It is common for all citizens in a digital society to have a digital footprint. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. The company, which entered a multiyear naming rights deal with the Suns for Footprint Center in downtown Phoenix in July, will merge with Gores Holdings VIII. You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, I read books.. All of an Internet users public information makes up their digital footprint -- the information about someone that is available online. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded company through a merger. Not the case? Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public The SPAC, Gores Holdings VIII (GIIX), originally went public in April 2021 and currently trades on the Nasdaq. How many planets does it take to support your lifestyle? 45 on this year's CNBC Disruptor 50 list, is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". Complete an application with your details. Place your bet on your favorite Indian cricket team directly on your phone! Get this delivered to your inbox, and more info about our products and services. Footprint develops a sustainable replacement for freals signature dairy cup. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. By: Katherine Martinelli. Amazon CEO Jeff sets his sight on buying NFL team, Hackers breached T-Mobile more than 100 times in 2022, 1 out of every 5 US adults own crypto: Coinbase survey, OKX revealed its reserves; $8.6 billion in Bitcoin, Ethereum and dollars, SEC subpoenaed Robinhood over crypto operations, Xiaomi Wireless AR Smart Glasses has been showcased for MWC 2023 event. If you rely on the information on this page then you do so entirely on your own risk. Optional, only if you want us to follow up with you. Why? While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. Footprint spent a full year engineering a quality straw that performs like plastic. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. WebFootprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check firm Gores Holdings VIII. Gores Holdings VIII is a special purpose acquisition company, aka a blank check company, formed by an affiliate of The Gores Group and taken public in March. Steps to investing in the Vanguard (VTI) Total Stock Market ETF. Today, we are inventing and manufacturing solutions that replace short-term use plastic. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. 2023 Techstory Media Pvt Ltd Contact : info@techstory.in. It's impossible to predict how any stock will perform and IPOs can be particularly volatile. "With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprint's solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible," the companies said in a press release statement. 32 East 31st Street, 4th Floor, Inclusion of the prospective financial information in this Press Release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Empowers local communities to understand the relationships between what gets built and the health, environment, and economic impacts of development. What you need to know about investing in the leading indicator for the overall US stock market. 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